A00213 Summary:

BILL NO

A00213

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SAME AS

No Same As

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SPONSOR

Gantt

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COSPNSR

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MLTSPNSR

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Amd §§210-B & 606, Tax L

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Provides a 50% tax credit for new income tax revenue generated by a new employee; provides credit may be taken up to 10 years; provides that the Department of Economic Development must monitor and certify the additional employment for any business which applies for the credit; provides any company taking the credit must maintain employment in the state for twice the number of years as the term of the tax credit; provides the Department of Economic Development shall annually report to the governor and the Legislature on the number and amounts of credits.